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Verisem, italian Council of State confirms veto of sale to Syngenta

The government had exercised golden power over the seeds company

Maybe it's the first case for the application of golden power to the agri-food sector: the sale of Verisem, an italian jewel in the seed sector (albeit controlled for years by an American fund) to Syngenta, has not to be done. This is because Syngenta's controlling group is the state-owned giant ChemChina and the Chinese government could exploit the production potential of Italian companies to its...

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EFA News - European Food Agency
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